Paychecks: Overview
There are essentially three main tasks for employers in the payroll process.
- Pay employees
At a specified interval you calculate the employees’ wages, withhold the correct amount of taxes, and issue a paycheck to the employee.
- Pay payroll taxes
After paying employees, you pay government agencies the amount of taxes you withheld from the employees’ paychecks as well as any taxes you owe as an employer.
- File payroll tax forms
You file tax forms that report what you owe and what you paid the government agencies. Forms are usually filed quarterly, but can be on a monthly or yearly basis depending on the tax form and government agency.
Intuit Online Payroll is designed to help you through the entire payroll process and provides a To Do list to guide you through all your pending payroll tasks, like creating paychecks for your employees.
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